The crypto market’s Fear and Greed Index climbed to 78 on Sept. 22, according to Alternative, marking its highest reading in nearly a month. The figure was up from 70 a day earlier and above last month’s average of 66, indicating that market sentiment has moved back into the "Extreme Greed" range. Alternative’s index runs on a 0-to-100 scale and draws on several inputs rather than a single price metric. Its current methodology includes volatility at 25%, market trading volume at 25%, social media activity at 15%, market surveys at 15%, Bitcoin’s share of the broader market at 10%, and Google trend analysis at 10%. The latest reading points to a stronger risk-on mood in the crypto market based on the index’s published framework.
Crypto market sentiment returned to the "Extreme Greed" zone on Sept. 22 after the Fear and Greed Index rose to 78, according to data from Alternative.
The reading was the highest level in nearly a month. It stood at 70 a day earlier, while last month’s average was 66.
How the index is calculated
The Fear and Greed Index uses a 0-100 scale and combines multiple market signals.
- Volatility: 25%
- Market trading volume: 25%
- Social media activity: 15%
- Market surveys: 15%
- Bitcoin’s share of the overall market: 10%
- Google trend analysis: 10%
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